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ECONOMY

India’s Trade Pacts With UK, EU to Have Separate Chapter

India’s trade agreements with the UK and the EU to have separate chapters on sustainable improvement. The UK and the EU have urged to include a chapter on Trade and Sustainable Development in the commerce agreements. “Discussions on commerce and sustainable growth have been gaining stress in the latest bilateral discussions to have a chapter on the topic,” said an official.


The EU mandates that each one of its commerce pacts include guidelines on commerce and sustainable improvement and comply with worldwide labour and atmosphere requirements and agreements. In addition, the grouping also requires that commerce helps to tackle local weather change and support practices. Consultants said that the addition of non-trade points in bilateral FTAs could have far-reaching results on India’s multilateral duties as New Delhi is against such issues on the World Commerce Group.

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